The International Monetary Fund (IMF) board will meet on July 18 to review Kenya’s request for an additional Sh28 billion ($244 million) in emergency loan, even as the country fell behind on key commitments including the establishment of a central payroll.
The IMF has revealed Kenya has requested certain waivers on the programme, indicating the country has failed to meet some of the conditions set in April last year when the fund approved a $2.34 billion (about Sh257 billion) loan to Kenya.
